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London market rates should rise for 2-3 years: Masojada

Rates for London market business should continue to go up for the next "two to three" years as pricing remains too low, according to Hiscox CEO Bronek Masojada.

Charlie Thomas, 26 February 2018
AGCS leads $44mn Mexican helicopter claim

Allianz Global Corporate & Specialty is the lead insurer on a Mexican helicopter loss that is set to cost the aviation market up to $44mn, The Insurance Insider can reveal.

John Hewitt Jones, 26 February 2018
Barclays backs trade credit InsurTech Nimbla

Barclays has brought the trade credit MGA Nimbla into its accelerator, investing $120,000 in the InsurTech business.

Bernard Goyder, 26 February 2018
Bain Capital Ventures invests $4mn in Corvus

Corvus, a Boston-based InsurTech startup that partners with major carriers and acts as an MGA targeting mid-sized firms, has received a $4mn seed round investment from Bain Capital Ventures, The Insurance Insider has learned.

Anthony Baldo, 26 February 2018
NatGen beats Street on lower cat losses than forecast

National General’s fourth quarter earnings beat analysts’ estimates as $52.9mn in catastrophe losses tied to the California wildfires came in under the carrier’s previously forecast range.

Ted Bunker, 26 February 2018
Berkshire has first annual underwriting loss in 15 years

Berkshire Hathaway’s insurance operations fell to a fourth quarter underwriting loss of $627mn, as its reinsurance group swung to a $1.31bn pre-tax underwriting deficit for the period, driven partly by wildfires in California.

Ted Bunker, 25 February 2018
FM Global’s EU unit wins A+ AM Best rating

FM Global’s newly established European unit received an A+ financial strength rating from AM Best, which also affirmed the parent mutual property insurer’s A+ grade today.

Ted Bunker, 24 February 2018
Kearns returns as Berkley Mid-Atlantic's president

John F. Kearns was named president of Berkley Mid-Atlantic Group, a Berkley Company, succeeding Susan N. Grady, W.R. Berkley said today.

Anthony Baldo, 24 February 2018
Lockton taps Moitoso to replace DeSett in risk post

Lockton has appointed Mark Moitoso to lead its Risk Practices organization, filling the position vacated when Tim DeSett left for AIG last month.

David Bull, 23 February 2018
Markel names Hungate-Noland to Ventures team

Beth Hungate-Noland, a partner at Williams Mullen, will join Markel as a managing director and become part of the team responsible for the oversight of Markel Ventures, the insurer said today.

Anthony Baldo, 23 February 2018

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